American (USA) in January to March of 2020 (as I recall) had an acute labor shortage. To go along with this labor shortage was the prospect that 1/4 to 1/3 of all businesses in America were under water. In other words that would have had a hard time paying their bills. This despite extremely low interest rates. Now along comes this deadly disease COVID 19 and the Federal Reserves has an excuse to buy up paper there for letting congress help bale out many of the firms that surely would no longer been in existence come the beginning of this year. Of cause this bale out isn’t called a bale out but rather a stimulus. Without this a-hum stimulus putting money in consumers pockets ( It’s great to have money in your pocket we’re you don’t have expenses traveling to and from work, or buying lunch out).
It seems that a lot expenses stood still, government helping even with mortgages and rent paying. Now that the pandemic seems to to be slowing down and the consumer is poised to spend like a drunken sailor in the eyes of this crazy writer it appears that the pandemic may have helped the economy.(?)
* It appears that there still maybe a labor shortage. But at least the businesses didn’t go bankrupt.
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